T-REX 2X Long AKAM Daily Target ETF (AKAL)

The T-REX 2X Long AKAM Daily Target ETF (AKAL) is a leveraged single-stock exchange-traded fund from the T-REX product line offered by REX Financial and Tuttle Capital Management. The fund seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Akamai Technologies, the content delivery, cloud computing and cybersecurity company based in Cambridge, Massachusetts.

The fund obtains its leveraged exposure mainly through derivatives such as swap agreements. Because the 2x objective resets each trading day, the fund targets daily returns only, and over periods longer than one day its performance can differ significantly from twice the return of Akamai stock, especially when the stock is volatile.

The fund is intended as a short-term trading tool. Its shares are listed on Cboe BZX.